5 Procurement Strategies For Small And Mid-Sized Businesses

Anthony Ott from Thomasnet Blog writes about the procurement strategies that can help small- and mid-sized businesses at any stage.

Small business owners wear many hats, and a multitude of demands – staffing, financing, inventory management, marketing, and customer service – quickly consume their time, focus and daily operations. As a result, procurement tends to be an afterthought, when it should be approached strategically.
Small businesses spend between 45 and 65 percent of sales revenue on procurement of inputs. Therefore, procurement should be considered a viable opportunity to reduce costs and improve efficiency. Even basic changes to the procurement process can cut procurement costs by 5 -15 percent and start a smaller business on the road to strategic sourcing. Read More

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Direct access to cost effective custom manufacturing of metal parts. Over the years we have been developing cooperative relationships with some of the best suppliers in China in order to provide our customers with a risk-free opportunity to buy high-quality custom metal components at affordable prices. Read More